###### Proof Point Level

Product

Business

## Standard Summary

- Fairtrade sets a minimum price that a buyer must pay for a product
- A premium (calculated as a percentage of the volume of produce sold) is paid to the farmer. The cooperative of Fairtrade farmers can decide how to spend it
- Standard covers crop growing, mining as well as industry workers where relevant
- Certification requirements increase with time.
- In-person and paper audits every 3 years with some unannounced audits
- Certificates are valid for 3 years

## Additional Resources

[Fairtrade Standards](https://www.fairtrade.net/standard)

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